KR Hot Day Trade Potential !KR is gaping down after earnings. Currently premarket it has a lot of good volume, so probably its going to be a key player when the market opens. Looking at the charts on the Daily and 15 min chart, you will see the pivots 22.39 as support and next after that 20.43. I will be waiting for the stock to get below the 22.39 pivot and make a lower high lower low (pullback) then I would get short. The only problem being is that the market (SPY) is getting above all time high, which means that the market is uptrending. The good news is the KR is a small/medium cap so its not directly affected by the market. I wouldn't be interested in going Long on it since its below all the major moving averages and making a lower high (look at the daily chart).
